is more psychologically needed
to flush out the weak holders of
AAPL shares over the coming
days, weeks and months.
We could see a push into the
390-400 area in this rally, but
at that point it would provide
an exceptionally low risk versus
high reward ratio that would be
wonderful to see.
At this level 385+ there is downside of 35
points to 350 and upside potential
of about 10-15 points. But at 395 there
will be 45 pts downside and only 5 pts
of risk for a 9:1 reward:risk ratio.
By: Technical Tim, December 1, 2011 1:11PM EST